- Covestro signed an agreement to acquire Pontacol on June 23, 2025.
- The acquisition includes two production sites in Switzerland and Germany.
- The transaction is expected to close in Q3 2025.
- The purchase price remains undisclosed.
Acquisition Details
On June 23, 2025, Covestro signed an agreement to acquire Pontacol, a Swiss manufacturer of multilayer adhesive films. This acquisition is part of Covestro's strategy to expand its specialty films portfolio and aligns with its "Sustainable Future" corporate strategy.
Strategic Expansion
The acquisition allows Covestro to enhance its production capacities for multilayer adhesive films in Europe. It complements Covestro's existing film business with specialized flat and blown films, targeting growth in sectors like medical technology, mobility, and the textile industry.
Production Sites
Covestro will acquire two specialized production sites located in Switzerland and Germany. These sites focus on different film technologies, strengthening Covestro's global manufacturing network and improving regional availability of adhesive films.
Transaction Timeline
The transaction is expected to close in the third quarter of 2025. Both parties have agreed not to disclose the purchase price, and the acquisition will be financed through cash, maintaining Covestro's solid investment-grade rating.
